Quantcast
Channel: ACN Newswire
Viewing all 16968 articles
Browse latest View live

NANOBIOTIX' Management Statement on Recent Share Price Variation

0
0

Paris, France and Cambridge, Massachusetts, USA, Jun 6, 2018 - (ACN Newswire) - NANOBIOTIX (Euronext: NANO - ISIN: FR0011341205), a late clinical-stage nanomedicine company pioneering new approaches to the treatment of cancer, communicates today regarding the recent evolution of its share price.

The Company noticed a significant decrease of its share price over the last few days. The management confirms that no news or particular event, that would not have been disclosed to the public, has happened.

Some inquiries have emerged regarding the inclusion or exclusion criteria in the Soft Tissue Sarcoma Phase II/III trial. The update made on the website www.ClinicalTrials.gov regarding this trial, is a technical update related to a protocol amendment that has been implemented in 2015.

The Company will publish Soft Tissue Sarcoma top line data as soon as it is available and before the end of June as expected.

Nanobiotix pursues its development and strategy according to plans.

About NANOBIOTIX: www.nanobiotix.com

Incorporated in 2003, Nanobiotix is a leading, late clinical-stage nanomedicine company pioneering new approaches to significantly change patient outcomes by bringing nanophysics to the heart of the cell.

The Nanobiotix philosophy is one rooted in designing pioneer physical based approaches to bring highly effective and generalized solutions to address high unmet medical needs and challenges.

The Company's first-in-class, proprietary lead technology, NanoXray, aims to expand radiotherapy benefits for millions of cancer patients. Furthermore, the Company's Immuno-Oncology program has the potential to bring a new dimension to cancer immunotherapies.

Nanobiotix is listed on the regulated market of Euronext in Paris (Euronext: NANO / ISIN: FR0011341205; Bloomberg: NANO: FP). The Company's Headquarters are based in Paris, France, with a U.S. affiliate in Cambridge, MA, and european affiliates in Spain and Germany.

Contact

Nanobiotix
Sarah Gaubert
Director, Communication & Public Affairs
+33 (0)1 40 26 07 55
sarah.gaubert@nanobiotix.com / contact@nanobiotix.com

Noel Kurdi
Director, Investor Relations
+1 (646) 241-4400
noel.kurdi@nanobiotix.com / investors@nanobiotix.com

Ricky Bhajun
Investor Relations Europe
+33 (0)1 79 97 29 99
ricky.bhajun@nanobiotix.com / investors@nanobiotix.com

Media relations
France - Springbok Consultants
Marina Rosoff
+33 (0)6 71 58 00 34
marina@springbok.fr

United States - RooneyPartners
Marion Janic
+1 (212) 223-4017
mjanic@rooneyco.com

Disclaimer
This press release contains certain forward-looking statements concerning Nanobiotix and its business. Such forward-looking statements are based on assumptions that Nanobiotix considers to be reasonable. However, there can be no assurance that the estimates contained in such forward-looking statements will be verified, which estimates are subject to numerous risks including the risks set forth in the reference document of Nanobiotix filed with the French Financial Markets Authority (Autorite des Marches Financiers) under number D.17-0470 on April 28, 2017 as well as in its 2017 annual financial report filed with the French Financial Markets Authority on March 29, 2018 (a copy of which is available on www.nanobiotix.com) and to the development of economic conditions, financial markets and the markets in which Nanobiotix operates. The forward-looking statements contained in this press release are also subject to risks not yet known to Nanobiotix or not currently considered material by Nanobiotix. The occurrence of all or part of such risks could cause actual results, financial conditions, performance or achievements of Nanobiotix to be materially different from such forward-looking statements. This press release and the information that it contains do not constitute an offer to sell or subscribe for, or a solicitation of an offer to purchase or subscribe for, Nanobiotix shares in any country. At the moment NBTXR3 does not bear a CE mark and is not permitted to be placed on the market or put into service until NBTXR3 has obtained a CE mark.

###

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NANOBIOTIX via Globenewswire

 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

Mitsubishi Motors: V2G Demonstrator Project Using EVs as Virtual Power Plant Resource

0
0

Diagram 1: Demonstration Project site image
Diagram 2: Scope of demonstration system to be built in FY2018.
Awarded by METI to receive "Grants for Demonstrator Project for Virtual Power Plant Utilizing Consumer Energy Resources (VG2 Aggregator Project)"

TOKYO, Jun 7, 2018 - (JCN Newswire) - Tokyo Electric Power Company Holdings, Inc. (TEPCO), TEPCO Energy Partner, Inc., TEPCO Power Grid, Inc., Hitachi Systems Power Service, Ltd., Mitsubishi Motors Corporation (MMC), SHIZUOKA GAS Co., Ltd. and Hitachi Solutions, Ltd. - have been selected by the Ministry for Economy, Transport and Infrastructure (METI) to receive grants under METI's FY2018 Sustainable open Innovation Initiative (SII) to help fund "A Demonstrator Project for A Virtual Power Plant Utilizing Consumer Energy Resources (V2G Aggregator Project)". Commencing today, the Project aims to build a vehicle-to-grid (V2G) system, and through this a business model that utilizes the electricity storage capabilities of multiple EV/PHEVs to regulate power demand and supply between the grid and electric vehicles.

Project Background

Japan is promoting the adoption and expansion of renewable energy sources as a measure to reduce greenhouse gases. However, the rapid adoption of solar power and other renewable sources has made apparent a number of problems that impact the stable running of the power grid, these including the fluctuations in output and the generation of surplus power that renewable sources can cause. Stabilizing the power grid requires the use of thermal power but this incurs costs in owning and maintaining such power generating plants. For this reason, projects to create virtual power plants (VPP)*2 are being promoted as a new approach by society which provides, at a low cost, the sustainable adoption of renewable energy sources and power grid stability.

Against this backdrop, the hopes are that the batteries of EV/PHEVs, ownership of which is expected to grow rapidly in the near future, can be effectively utilized as a VPP resource. There are, however, several problems that must be solved first, including: the establishment of V2G technology that utilizes large numbers of EV/PHEVs; upgrading of related systems; and ensuring grid stability is compatible with EV/PHEV mobility needs.

Demonstrator Project Outline

The seven companies listed above will work to establish a V2G business model, the objective of which will be to encourage sustainable adoption of renewable energy sources and of power grid stabilization. In FY2018, the companies will build the testing environment and conduct validation testing on the results produced using the V2G system.

Project Value

The V2G Aggregator Project is a business model for making V2G function in our society and for the solution of energy and environment-related problems by promoting the adoption of renewable energy sources. The seven companies aim to establish the V2G aggregation business by building systems that make effective use of EV/PHEV batteries.

V2G Demonstrator Project Outline

Project Details

Demonstrator Project sites will include the Mitsubishi Motors Okazaki Plant in Okazaki City, Aichi Prefecture, and the Shizuoka Branch of SHIZUOKA GAS.

http://www.acnnewswire.com/topimg/Low_MitsubishiMotorsV2GDia1.jpg
Diagram 1: Demonstration Project site image

http://www.acnnewswire.com/topimg/Low_MitsubishiMotorsV2GDia2.jpg
Diagram 2: Scope of demonstration system to be built in FY2018.

(1) The Seven Companies
Lead Company: 1
Tokyo Electric Power Company Holdings, Inc. (TEPCO)

Demonstrator Project Collaborators: 4
TEPCO Energy Partner, Inc.
TEPCO Power Grid, Inc.
Mitsubishi Motors Corporation
Hitachi Systems Power Service, Ltd.

Resource Aggregators: 2
Hitachi Systems Power Service, Ltd.
SHIZUOKA GAS Co., Ltd.

(2) Virtual Power Plant (VPP): A cloud-based distributed power plant that uses information technology to aggregate the capacities of different distributed energy resources and function as if it were a physical power plant.

About Mitsubishi Motors

Mitsubishi Motors Corporation is the sixth largest automaker in Japan and the sixteenth largest in the world. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries. From October 2016, Mitsubishi is one-third owned by Nissan, and a part of the Renault - Nissan - Mitsubishi Alliance. For more information, please visit www.mitsubishi-motors.com/en/index.html.

Contact:
Mitsubishi Motors Public Relations Department http://www.mitsubishi-motors.com +81-3-6852-4275

Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

KDDI, Hitachi Collaborate on Global IoT Business

0
0

Contribute to the business transformation of global corporations by linking the KDDI IoT Worldwide Architecture with Hitachi's Lumada

TOKYO, Jun 7, 2018 - (JCN Newswire) - KDDI CORPORATION and Hitachi, Ltd. are joining forces with the KDDI IoT Worldwide Architecture[1], which provides corporate clients that do business globally with services ranging across IoT connectivity, servicing and data analysis. Going forward, through a broad range of collaborative efforts in diverse areas of industry, KDDI and Hitachi will contribute to the clients' new value creation and business transformation.

In recent years, advances in IoT technology, which connects just about anything to the Internet, has made it possible to gather and analyze a vast array of richly varied data from products, facilities and equipment. This, in turn, makes it possible to develop new services and transform business models, which has accelerated the efforts of all companies to create new value.

KDDI is promoting an IoT Worldwide Architecture that will provide services ranging from IoT connectivity to data analysis, enabling worldwide connectivity that links vehicles, industrial machinery and a range of other "things" despite country-by-country differences in telecommunication connectivity standards.

Furthermore, to build the Global Communication Platform, which is the core of this Architecture, KDDI has employed Hitachi's technology for an important element that enables centralized IoT connection management across the telecommunication carriers plugged into that Platform from each country.

In May 2016, Hitachi began offering Lumada, an IoT platform created through a blending of Hitachi's accumulated operational technology in the manufacturing industry, along with IT expertise which include AI, Big Data analysis and other state-of-the-art digital technologies. Lumada is characterized by an open and adaptable architecture, which simplifies linking with a wide range of other platforms and applications in various industries.

Up to now, Hitachi has collaborated with diverse partners in Japan and abroad in a wide variety of fields, ranging from social infrastructure such as electric power grids, to transportation, manufacturing and distribution. Hitachi has already a track record of more than 500 customer cases[2] where mechanical fault forecasting has improved operational efficiency and traffic information has been used to optimize logistics efficiency.

Linking KDDI's Global Communication Platform with Hitachi's Lumada will enable to support clients in their worldwide IoT business expansion efforts, fully leveraging Hitachi's broad-ranging industrial capacity and proven performance.

The first business effort to result from the new collaboration begins in July 2018, when Hitachi Industrial Equipment Systems Co.,Ltd. (Headquarters: Chiyoda, Tokyo, President: Yutaka Araya , "Hitachi Industrial Equipment Systems") will undertake a trial implementation of Global Communication Platform for industrial inkjet printers, which are deployed worldwide.

Industrial inkjet printers are typically used to print manufacturing lot numbers, expiration dates and other information on food packages. Many of the machines made by Hitachi Industrial Equipment Systems are used overseas. Efforts have been made to support remote monitoring aims to print quality management and stable operational performance. However, issues in connectivity have posed problems for a stable worldwide implementation of such monitoring activities. The ability to make use of Global Communication Platform will ensure a secure, high-quality environment for connectivity, which makes it possible to work with increasingly large volumes of data. As a result, we expect high-quality remote monitoring on a global scale. In the future, Hitachi aims to expand into advanced maintenance services, which include fault forecasting based on specific warning signs and reduction of costs.

KDDI and Hitachi plan to test out the management applications of this Architecture to create new value from the vast and diverse data gleaned from plants and equipment in a wide range of fields such as construction machinery, manufacturing plants, energy, transportation and other forms of social infrastructures. This is a part of a broader effort by KDDI to accelerate the promotion of worldwide IoT business deployment.

[1] KDDI Offers Integrated Architecture for Worldwide IoT Accelerating New Value Generation, Efficiency for Global Corporations.
[2] As of end-March, 2018.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2014 (ended March 31, 2015) totaled 9,761 billion yen ($81.3 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at www.hitachi.com.

Contact:
Hitachi Ltd Corporate Communications Tel: +81-3-3258-1111

Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

Alleged Cryptocurrency Scammer Zeeshan Najeeb Claims to be Victim of Identity Theft and Not Knowing McAfee

0
0

SINGAPORE, Jun 7, 2018 - (ACN Newswire) - Block Asia has been investigating a scam incident in the cryptocurrency industry involving millions of dollars.

On the latest breaking developments, Block Asia managed to get in touch with Zeeshan Najeeb, who is allegedly linked to several scams in the cryptocurrency sector.

Read the full news on Block Asia via this portal: https://bit.ly/2kXC1CJ

Block Asia positioned itself as an activist in the blockchain and cryptocurrency industry which is currently tarnished by various frauds and many individuals have fallen victims to these scams.

Block Asia seeks the crypto community to get in touch with us for any tip-off of scams or fraudulent activity.

Block Asia official website is http://www.blockasia.io

Follow Block Asia Twitter at https://twitter.com/Block_asia or @block_asia for updates on the latest breaking news in the blockchain & cryptocurrency industry.

Twitter & Telegram : @block_asia

Media Contact:
KC Chua
Chuajr.ken@blockasia.io

 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

Official Launch of Hong Kong International New Economic Research Institute

0
0

To Actively Promote the Technical Exchanges between domestic and international Financial Technology Industry

HONG KONG, Jun 7, 2018 - (ACN Newswire) - Hong Kong International New Economic Research Institute ("New Economic Research Institute"), an integrated scientific research service provider under Higgs Block Technology (HK) Company Limited ("Higgs Block HK"), a technology company with blockchain technology as its core, is formally established today. Leveraging on the analysis of new global economic trends, research results and promotional experience, the New Economic Research Institute will provide assistance for the establishment of fintech regulatory mechanisms and prediction of financial risks, which aims to promote the technical exchanges between domestic and international financial technology industry.

Driven by a new generation of science and technology, "new economy" is becoming the most invested, innovative and fastest growing scope in the economies of all countries, representing an engine to accelerate global economic growth. The establishment of the New Economic Research Institute will follow the trend, its principle research areas include the international comparison study of blockchain regulatory policies, laws and regulations, the study of China's blockchain regulatory standards, the global blockchain industry investment research, the development of blockchain technology and quantitative investment algorithm as well as the fusion application of blockchains, the Internet, artificial intelligence and big data. In all, the Institute will provide companies research services on emerging technologies, new economic forms and development trends.

Mr. Deng Ke, Chairman of Higgs Block Technology Company Limited, and President of the New Economic Research Institute, stated, "We are very pleased to witness the official launch of New Economic Research Institute under Higgs Block HK. We would like to express our sincere gratitude to our customers, partners and all of our staff for their consistent support. The New Economic Research Institute will make full use of the competitive advantage of Hong Kong as an international financial center to transform high-quality research results and cutting-edge academic development into a series of Intellectual products. Also, the Institute will provide data support to the government, enterprises and third parties through organizing various types of academic and exchange activities and will advocate the technical exchanges aggressively in the financial technology industry."

About Hong Kong International New Economic Research Institute
The Hong Kong International New Economic Research Institute is a resource integrated collaborative and innovative services institution, which is cross-sectoral, cross-industry and cross-regional. Leveraging on the analysis of new economic trend, research results and promotional experience of the globe, the New Economic Research Institute has been establishing a local fintech supervision mechanism, making remarkable progress in effectively predicting potential financial risks to ensure the development of fintech industry in a healthy and orderly manner.

About Higgs Block Technology Company Limited
Higgs Block was established in August 2017, headquartered in Singapore, which is a science and technology company with blockchain technology as its core. Higgs Block involves blockchain services such as heterogeneous blockchains and application solutions and blockchain integration solutions, aiming to create a more innovative, equal and highly efficient blockchain technology ecosystem with heterogeneous blockchain, "Higgs Chain" as its core, providing customers with comprehensive and integrated blockchain technology services. At present, Higgs Block has completed the business layout in numerous countries and regions, including Singapore, the United Kingdom, Japan, South Korea and Hong Kong. Higgs Block is equipped with the Hong Kong International New Economic Research Institute, principally in the provision of research services such as emerging technologies, new economic forms and development trends for the company's various businesses.


 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

Luxury Residential Care Home for the Elderly Pine Care Place commenced operations in June 2018

0
0

HONG KONG, Jun 7, 2018 - (ACN Newswire) - A leading operator of care and attention homes for the elderly in Hong Kong, Pine Care Group Limited (the "Pine Care Group" or the "Company", together with its subsidiaries, the "Group", stock code: 1989), announced the commencement of operations at its first high-end care and attention home for the elderly named "Pine Care Place".

"Pine Care Place" is located at Yoho Mall adjacent to Yuen Long Station at West Rail. With a floor area of approximately 33,000 square, accommodating 68 residential care places, "Pine Care Place" offers one of the most spacious environments of any residential care home for the elderly in Hong Kong, averaging approximately 500 square feet living space per resident. The design of "Pine Care Place" emphasizes on privacy, comfort, and quality of life, featuring lifestyle oriented facilities such as a cinema, hair salon, library & computer room, coffee bar, dining room, indoor garden, meditation room, and mahjong room. Aside from the facilities, the living quarters have been designed to offer a home-like environment, similar to that of a luxury apartment.

In addition to our professional nursing, rehabilitation, medical, and social services, "Pine Care Place" also introduces a new concierge service ensure that all of our residents' needs and wishes are catered for.

Mr. Yim Billy Pui Kei, CEO of Pine Care Group said, "The market is demanding higher levels of quality, and we strongly believe that the high-end market is currently underserved. With Pine Care Place, we aim to combined exceptional services with a luxurious residential environment to offer a world-class long-term care experience to our residents.

"Pine Care Place" will be holding an open day from June 16 to 17. I encourage the elderly and their family members to come take a look and see what we can do."

About Pine Care Group Limited
Pine Care Group is the leading operator of care and attention homes for the elderly in Hong Kong, providing comprehensive residential care services. The Group owns a network of care and attention homes across five districts in Hong Kong under the brand name of "Pine Care Group". The Group was listed on the Main Board of The Hong Kong Stock Exchange in February 2017, with stock code 1989.


 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

Alta Sicuro Technology & AnApp Jointly Launch World's First USB Type-C(TM) Universal Authentication Dongle

0
0

HONG KONG, Jun 7, 2018 - (ACN Newswire) - Alta Sicuro Technology Limited ("Alta Sicuro Technology") and AnApp Blockchain Technologies Limited ("AnApp") are pleased to jointly announce the launch of SecuruStick, the world's first USB Type-C(TM) Universal Authentication Dongle. Besides USB Type-C(TM) authentication, SecuruStick supports a wide range of cryptographic applications, including the AnApp IOTW blockchain, FIDO authentication, cloud proxy re-encryption and crypto currency hardware wallet.

Alta Sicuro Technology Limited
Alta Sicuro Technology is a technology startup under Hong Kong Science and Technology Park Incubation Program.

AnApp Blockchain Technologies Limited
AnApp (website: iotw.io) is developing the IOTW blockchain which can run on IoT devices. The micro-mining software can be embedded into different IoT chipsets and also downloaded into existing IoT devices through firmware update.


 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

CIC Report Reveals Fast Growing Market in Mobile C2C E-commerce as Taiwan Shoppers' Habits Evolve

0
0

PChome Store leads the industry with 51.6% market share

HONG KONG, Jun 7, 2018 - (ACN Newswire) - Taiwan's ongoing economic recovery is helping stimulate growth in household expenditure across the country and, when coupled with very high Internet penetration and smartphone usage, is fueling a revolution in consumer to consumer (C2C) mobile e-commerce, according to a new report by China Insights Consultancy (CIC).

While decline in domestic demand and economic slowdown in mainland China during 2015 has noticeably impacted Taiwan's economy, the country continues to recover as nominal GDP grew from NTD16.8 trillion (USD0.5 trillion) in 2015 to NTD17.6 trillion (USD0.6 trillion) in 2017 for a real GDP growth rate of 2.8%. This economic recovery has also translated into steady growth in expenditures per household with a compound annual growth rate (CAGR) of 1.8% from 2015 to 2017.

During this period, the e-commerce market also grew from NTD727.4 billion (USD22.8 billion) in 2015 to NTD1,108.6 billion (USD36.4 billion) in 2017 with the CIC report expecting growth forecasts to reach NTD2,159.8 billion (USD64.0 billion) in 2022. Charlie Jiang, Founding Partner of CIC stated: "The key factors propelling this growth are the continuing growth of internet penetration in Taiwan (73.3% in 2017), growth in the user base of e-shoppers and number of online orders, an increase in average spending for each e-shopper, and changes in consumer behavior."

The key factor of Taiwan's internet penetration rate at 73.3% is a much higher proportion when compared to other emerging economies in Asia such as PRC (56.1% in 2017) and Thailand (55.7% in 2017) which has the highest internet penetration rate amongst emerging economies. These figures rank Taiwan as first-tier in terms of proportion of internet users but shows great potential for growth due to a mature electronics industry and the availability of affordable smartphones, especially when compared to other advanced economies in Asia such as Japan (95.3% in 2017).

The number of e-shoppers in Taiwan increased at a compound annual growth rate (CAGR) of 3.5 percent from 2015 to 2017 to reach 15 million people, or around 87 percent of the number of internet users. In the same period, the number of e-commerce orders grew from 634.9 million in 2015 to 927.4 million in 2017.

Not only are more people shopping online, they are also spending more, with average expenditures per shopper increasing from NTD24.7 thousand (USD0.8 thousand) per year in 2015 to NTD29.4 thousand (USD1.0 thousand) last year. That number is expected to hit NTD49.9 thousand (USD1.5 thousand) by 2022, according to the CIC report. The average value of each order is likewise increasing with an expected CAGR of 3.0% from 2017 to 2022 and eventually achieve an average value of NTD1,387 (USD41.1).

Meanwhile, the growth in mobile transactions is outstripping that of more traditional PC-based purchases. In 2017 mobile based e-commerce accounted for 48 percent (NTD536.6 billion or USD17.6 billion) of all online transactions, compared to just 34 percent (NTD247.3 billion or USD7.7 billion) in 2015, and is expected to reach 61 percent (NTD1,311.2 or USD38.9 billion) by 2022.

Several mobile shopping APPs and mobile platforms released from 2013 onwards have gained popularity among the young people in Taiwan with the shift from social media commerce to true C2C e-commerce platforms. And, given a relatively high smartphone penetration rate and faster mobile internet speeds supported by the introduction of 4G technologies, a higher mobile shopping penetration rate is expected in the years to come, gradually absorbing a greater portion of online shopping traditionally taking place on PCs.

With those kinds of numbers on the block, it's no wonder that the few major players in the sector, such as industry leading PChome Store, are bullish on future business prospects and investing heavily in new technologies in the form of new APPs and mobile platforms to enter the market before the fast-changing industry takes hold. Of that, top-ranked PChome Store held almost 51.6 percent during the first quarter of 2018 with GMV of NTD12,700 million (USD425 million). Making up the rest of the top four were Shopee with 40.1 percent market share, Carousell (3.0 percent) and Rakuma (0.2 percent).

Even though PChome Store is the youngest player among the top four, its APP released in April 2017 has vaulted the company to the lead in all key performance indicators of the industry, including mobile C2C GMV, mobile C2C orders, C2C Daily Active Users (DAU), active product listings, and mobile C2C Convenience Store (CVS) collections.

With 210 million active product listings, mainly in the beauty, fashion, food and lifestyle categories aimed at 15-35-year-old female e-shoppers, PChome Store, with 400 thousand C2C daily active users, is far ahead of the rest of the pack. Second ranked Shopee shares similar categories but lags behind with only 297.6 thousand C2C daily active users and the CIC report predicting that the company may transfer its focus to B2C and B2B2C business in the future. Carousell and Rakuma offer some used products and handicrafts with only a small number of buyers.

According to the report, however, for a company to compete effectively in the burgeoning mobile C2C e-commerce market is no easy task as they will need to excel in a number of key success factors.

These include a strong sales and marketing strategy, brand awareness and user loyalty, low operation costs for sellers, effective and user-friendly support systems, seamless and secure payment systems, well-developed logistics networks, diversified product listings, as well as recognized user experience and well-structured membership systems.

About CIC
China Insights Consultancy is a consulting firm founded in Hong Kong and provides professional industry consulting services across multiple industries. China Insights Consultancy's services include industry consulting, commercial due diligence, strategic consulting, expert network, etc. Its consulting team has been tracking the latest market trends in internet and high technology, healthcare, financial service and fintech, culture, entertainment & education, consumer goods, automotive, transportation & logistics, energy & power systems, environment & building technologies, chemicals, materials & food, industrial, manufacturing & automation, agriculture, minerals & mining, etc., and has the most relevant and insightful market intelligence in the above industries.

Media Contact
China Insights Consultancy
Julia Zhu j.zhu@cninsights.com +86 136 117 40770
The Hoffman Agency
Rita Ting rting@hoffman.com +852 52066881

 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

Comino announces Comino Grando, a liquid-cooled supercomputer set to disrupt cryptocurrency mining and solve its energy crisis

0
0

Berlin, Jun 8, 2018 - (ACN Newswire) - Hardware startup Comino announces the launch of Comino Grando, its enterprise-grade, GPU-based supercomputer that features a revolutionary liquid cooling system. Comino Grando launches alongside news that Comino has secured a $30 million contract to build two European data centers based on the Grando's technology. With its unique liquid cooling technology, Comino Grando is 40% more efficient than its air-cooled competition, it can recycle energy back into the facility for heating, and can operate at full-power 24/7.

Today, using GPUs in data centers for different tasks (cryptocurrency mining, AI, HPC) with air cooling comes with a host of problems: the machines overheat, they take up a lot of space, they waste energy, and their parts fail. By pioneering a new liquid-cooling approach Comino Grando provides an immediate solution that is:

- Built to last: Air-cooled mining rigs have an extremely high failure rate. That's unavoidable because of the moving parts and thermal instability involved. In contrast, Comino Grando is engineered to last, with custom-crafted components and a stable architecture. Comino is proud to offer an industry-leading, one year warranty (4x higher than the industry average). This warranty alone translates into 15-25% cost savings for the average operator.

- Energy-efficient: Air-cooling comprises 99% of the crypto mining industry and is fundamentally wasteful: energy is spent to generate heat and then more energy is spent to haphazardly dissipate that heat. With its liquid-cooling architecture and dynamic software that intelligently directs cooling, Comino Grando is a whopping 40% more energy efficient than comparable air-cooled machines.

- Eco-friendly: Cryptocurrency makes headlines everyday for its environmental abuse and energy footprint, releasing as much as 33.9 kilotons of CO2 per year. This energy usage is one of the biggest challenges the technology industry faces and Comino Grando solves it. Comino Grando not only generates far less excess energy, it also recycles much of that energy back into the host facility to provide heating. This stored heat can be removed and transported or sold to other buildings or facilities.

- Ultra-compact. Comino Grando is up to 10 times more compact than air cooled devices. That storage efficiency alone drastically increases operational efficiency and cuts infrastructure and rent expenses in half.

- Easy to maintain and upgrade: Comino Grando's hardware parts, like the GPU, can be swapped out without interfering with its cooling system. That saves on assembly costs and simplifies maintenance so you don't need specially trained employees. Similarly, Comino Grando is easy and inexpensive to upgrade, letting your initial infrastructure capital investment (CAPEX) last a long time.

(For more technical details, please visit https://grando.ai/en/)

Comino Grando launches alongside a $30 million contract to build two GPU-based data centers in Europe that will be powered by its technology. Both data centers will see an ROI from using Comino Grando after only one year.

"While Comino Grando adds incredible value to the industry, it's only the start," says CEO Evgeny Vlasov, "We want to make the entire world more eco-friendly. Current tasks like cryptocurrency mining, neural networks, and GPU databases eat up huge amounts of energy. Crypto mining alone eats up more energy than Denmark, twice what it needs to be with no heat recovery. We can do much, much better."

About Comino:

Comino is a hardware startup that specializes in energy-efficient machines and software algorithms. Last year, Comino raised $10 million from the VC firm Exantech, and launched its first consumer product, plug and play, which is a silent liquid cooled device with 8 GPUs inside that doubles as a smart home heater. Since its launch, Comino has sold several thousand devices and projects 10,000 units by year's end.

Media Contact:
pr@comino.com

###

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: XNT Limited via Globenewswire

 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

Unibail-Rodamco Completes the Acquisition of Westfield to Form Unibail-Rodamco-Westfield

0
0

Paris, Amsterdam, Jun 8, 2018 - (ACN Newswire) - Unibail-Rodamco today announces that it has completed the acquisition of Westfield, to create Unibail-Rodamco-Westfield, the premier global developer and operator of flagship shopping destinations.

Unibail-Rodamco-Westfield combines two of the strongest and most respected names in the real estate industry to build on their legacies.

With a portfolio valued at EUR 62 Bn[1], of which 88% in retail, 7% in offices and 6% in convention & exhibition venues, Unibail-Rodamco-Westfield owns and operates 102 shopping centres in 13 countries, of which 56 are flagships in the most dynamic cities in Europe and in the United States. Its centres welcome 1.2 billion visits per year.

The Group provides a unique platform for retailers and brand events and offers an unparalleled experience for customers. It will leverage the world-famous Westfield brand by gradually rebranding Unibail-Rodamco flagship assets.

Looking forward, Unibail-Rodamco-Westfield boasts an unrivalled development pipeline of EUR 13 Bn[2]. Capitalising on its 'Better Places 2030' agenda, to be implemented in the entire Group, Unibail-Rodamco-Westfield's development projects are designed to create "better places" that respect the highest environmental standards and contribute to better cities.

Christophe Cuvillier, Group Chief Executive Officer, commented: "Today is an extraordinary day as we bring together Westfield's and Unibail-Rodamco's outstanding assets and 3,700 talented professionals. We look forward to writing together a new chapter in our history. With an unparalleled track-record and know-how in retail, offices and convention & exhibition venues, the Group is ideally positioned to generate superior value and develop world-class projects."

Unibail-Rodamco-Westfield is listed on Euronext Amsterdam and Paris (Euronext ticker: URW). A secondary listing has been established in Australia through Chess Depositary Interests.

Next step
- Publication of H1-2018 results: August 29, 2018

(1) Proportionate Gross Market Value as at December 31, 2017.
(2) As at December 31, 2017.

For further information, please contact:

Investor Relations
Maarten Otte
+33 1 76 77 58 02
Maarten.otte@unibail-rodamco.com

Media Relations
Nathalie Feld
+33 1 76 77 57 94
nathalie.feld.contractor@unibail-rodamco.com

About Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield is the premier global developer and operator of flagship shopping destinations. With a portfolio valued at EUR 62 Bn as at 31 December 2017, of which 88% in retail, 7% in offices and 6% in convention & exhibition venues, the Group owns and operates 102 shopping centres, of which 56 are flagships in the most dynamic cities in Europe and the United States. Its centres welcome 1.2 billion visits per year. Present in 2 continents and in 13 countries, Unibail-Rodamco-Westfield provides a unique platform for retailers and brand events, and offers an exceptional and constantly renewed experience for customers.

With the support of its 3,700 professionals and an unparalleled track-record and know-how, Unibail-Rodamco-Westfield is ideally positioned to generate superior value and develop world-class projects. The Group has the largest development pipeline in the industry, worth EUR 13 Bn.

Unibail-Rodamco-Westfield distinguishes itself by its Better Places 2030 agenda, that sets its ambition to create better places that respect the highest environmental standards and contribute to better cities.

Unibail-Rodamco-Westfield is listed on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW). A secondary listing has been established in Australia through Chess Depositary Interests. The Group benefits from an A rating from both Standard & Poor's and Fitch Ratings, and from an A2 rating from Moody's.

For more information, please visit www.urw.com

Unibail-Rodamco-Westfield EN: http://hugin.info/136618/R/2198061/852105.pdf

 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

2018 US China Blockchain and Digital Currency Conference

0
0

- The one day Los Angeles event August 22, partnered by FundingPost.com.
- Organized by Blockchain China Connect and Artisan Business Group, Inc.

LOS ANGELES, Jun 8, 2018 - (ACN Newswire) - The 2018 US China Blockchain and Digital Currency Conference, to be held at the LAX Marriott Hotel on 22 August 2018, is organized by Blockchain China Connect, Artisan Business Group, Inc., and partnered by FundingPost.com. The conference is the only Sino-US investment and funding focused event for the blockchain and cryptocurrency industry. Hundreds of blockchain entrepreneurs, investors, bitcoin mine operators, traders and legal taxation experts are expected to attend, and it will provide a great platform for peer-to-peer networking and exploring investment, finance, business and collaboration opportunities between the U.S., China and other countries.

More than 20 expert speakers from both countries will cover a variety of hot topics such as blockchain technology, startup investment, capital raising, ICOs, bitcoin mining, virtual currency trading, SEC compliance, legal and taxation, etc. Expert speakers and panelists include Jack Liao, Founder of Bitcoin Gold and LightningASIC; Joe Rubin, Co-Founder and Managing Director of FundingPost.com; Xiahong Lin, Founder of Bodhi; Han Liguang, Founder of RedCoin Global Public Digital Currency Exchange; Richard B. Levin, Shareholder of Polsinelli; Jeffrey Levinson, CEO of Securitech Blockchain Industries; Jor Law, Co-Founder of Verify Investor; Phil Sigler, Chief Visionary Officer of The LendingCoin; Graeme Moore, VP of Marketing at Polymath; Matt Miles, Founder & Co-CEO of Property Coin; David W. Klasing, Founder & Managing Attorney of The Law Offices of David W. Klasing; Brian Su, CEO of Artisan Business Group; Andrew Zapotochnyi, North America Representative at CoinTraffic; Steve Anapoell, US Securities Attorney; Tyler McKay, President of Blockchain China Connect; Rob Tiv, President & COO of SonicMessenger; Gan Zhang, Partner at RTF; Harley Dou, Managing Director at Tang Wealth; Ralph Liu, Founder & CEO of MuleChain and Advanced e-Financial Technologies, Inc.; Roc Wang, Founder & CEO of DeepChain; Pavel Cherkashin, Co-founder of Mindrock and Managing Partner of GVA Capital; Paul Dong, Founder of SunetX; Andy Wang, Founder of FutureChain Technologies. Industry media partners from China and the US will cover the event.

The conference is thrilled to be partnering with FundingPost.com to host this international event. For 17 years FundingPost has worked to bring entrepreneurs together with leading investors worldwide. Joe Rubin, Co-Founder and Managing Director of FundingPost.com, proclaims, "We believe that it is important to reach investors in every medium possible - both online and offline. Through our national Venture Capital Events, Venture Guide Magazine, Books, Webinars and our online Venture Exchange, FundingPost has had the opportunity to work with thousands of Angel and Venture Capital, Corporate VCs and Family Office Investors representing over $108 Billion. We make introductions from Investors to Entrepreneurs Every Day!"

There will be lively discussions about the future of Bitcoin, Ethereum, Litecoin including conversations about the most popular coins in China such as NEO, VeChain, Wanchain, EOS and more. Other topics include how to attract Chinese investors for your project, marketing ICO worldwide, real estate Investing through ICOs, bitcoin trading and mining tax laws, updates on Chinese cryptocurrency regulations, and US securities & regulations impacting ICOs, such as Reg D, Reg S, Reg A+, KYC and AML. ICO pitch, exhibitors and sponsors are welcome to contact us for promotional packages!

Press Contact:
Mr. Tyler McKay
President, Blockchain China Connect
Email: info@BlockchainChinaConnect.com
Website: www.BlockchainChinaConnect.com
Our Daily Blog: www.CryptoChinaBlog.com


 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

Toyota Mobility Foundation and World Resources Institute Work to Enhance Accessibility and Multi-Modal Mobility in Six Indian Cities

0
0

HYDERABAD, INDIA, Jun 8, 2018 - (JCN Newswire) - The Toyota Mobility Foundation (TMF) and the World Resources Institute (WRI) have agreed to work together to enhance metro accessibility through multi-modal mobility solutions in six Indian cities over the next three years, from 2018 to 2021.

This project is an extension of the methodology developed by TMF and WRI for Bengaluru, India, which was implemented from December 2016 through 2017. The methodology, termed STAMP (Station Access and Mobility Program), combines four measures.

Main Project Activities

1) Utilizing data to identify accessibility issues to and from metro stations
2) Hosting workshops, sharing best practices, and coaching stakeholders for capacity building
3) Conducting solution challenges for Information Technology (IT) engineers, other entrepreneurs, and citizen groups
4) Testing solutions, validating effects, and sharing results

TMF and WRI agreed to conduct projects in two Indian cities per year over the next three years, from 2018 to 2021. They will test solutions in mega cities and tier 2 cities to identify the optimal ones for their unique, local mobility issues. Their intention is to create a resource that combines determinants of success and challenges for implementation gleaned from the projects in Bengaluru and the 6 new cities. This resource will support the Indian government as the determine future city and transportation planning policies and practices.

Valuing the expertise of local IT entrepreneurs to identify additional last-mile solutions to access the metro, the next city TMF has identified for STAMP is Hyderabad.

Hyderabad has experienced rapid urban growth and development, in part, due to its status as an IT hub. In fact, the city is often called "Cyberabad" or "Cyber City." This surge has powered the economy, but it has also resulted congestion and limited access to mobility. To overcome these issues, the city has invested in a public transport metro system within the city and aims to expand its reach and enhance its ridership.

In this project, TMF and WRI will use the STAMP methodology to bring together ideas from technology and service providers, mobility entrepreneurs, NGOs, corporations, and citizens in order to co-create solutions for improving first and last mile metro connectivity.

Shigeru Hayakawa, President of the TMF Secretariat and Vice Chairman of the Board of Directors of Toyota Motor Corporation, said "I am very thankful that we received requests from many cities in India to implement mobility projects. As we launch in Hyderabad, we will continue to partner with various stakeholders including the city government, NGOs, and IT entrepreneurs and make full use of the learnings from our previous project. Through the continuous implementation of projects in six cities over the next three years, we would like to contribute to the realization an ever better mobility society by identifying opportunities to integrate public and private mobility in India."

Acknowledging support of the project, Mr. Shekar Viswanathan, Vice Chairman & Whole-time Director of Toyota Kirloskar Motor, said "As one of the fastest growing economies in the world, India is witnessing rapid migration driven by urbanization coupled with a growing infra-network. Though a sign of progress, this also brings challenges of last-mile connectivity. We welcome TMF and WRI's efforts to enhance the accessibility of Metro transit in line with our National and State Government intention. The expansion of this successful mobility program to the city of Hyderabad furthers adopting integrated solutions for enhanced accessibility of metro transit. This supplements our approach on traffic safety and social contribution in our aim to be the best company in each town we operate in."

Dr. O.P. Agarwal, CEO, WRI India, observed "Access to mass transit systems has often been a major issue in many Indian cities. Metro systems can be more effective, if efficient first and last mile connectivity is established, providing access to a larger population. If there is safe, efficient and seamless connectivity to and from the Metro stations, it will not only be used, but will also boost the ridership of these high capacity systems."

About the Toyota Mobility Foundation

The Toyota Mobility Foundation was established in August 2014 to support the development of a more mobile society. The Foundation aims to support strong mobility systems while eliminating disparities in mobility. It utilizes Toyota's expertise in technology, safety, and the environment, working in partnership with universities, government, non-profit organizations, research institutions and other organizations to address mobility issues around the world. Programs include resolving urban transportation problems, expanding the utilization of personal mobility, and developing solutions for next generation mobility. Learn more at www.toyotamobilityfoundation.org.

About World Resources Institute

World Resources Institute (WRI) is a global research organization, headquartered in Washington DC, that spans more than 50 countries. With more than 450 experts and staff, WRI's global research and on-the-ground experience in Brazil, China, India, Mexico, Turkey and the United States combine to spur action that improves life for millions of people.

WRI India works closely with the government, businesses, civil society and other non-governmental organizations, to help solve the four most urgent challenges in India-rapid urbanization, the demand for energy, responding to climate change and the large-scale degradation of natural resources.

About Toyota

Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

Contact:
Public Affairs Division Global Communications Department Toyota Motor Corporation Tel: +81-3-3817-9926

Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

Ryder Expands Leadership in Commercial Electric Vehicles, Places Reservation for Additional 500 Chanje Electric Vans

0
0

MIAMI, Jun 8, 2018 - (ACN Newswire) - Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, announced today that it has reserved 500 new Chanje Energy medium-duty electric panel vans, expanding its North American electric commercial truck rental and ChoiceLease fleet. Chanje Energy, a subsidiary of FDG Electric Vehicles ("FDG"), is the international brand for FDG. The reservation will be executed as lease agreements for the Chanje electric vehicles (EVs) are finalized. Ryder is the exclusive sales channel and service partner for Chanje and its medium-duty EV fleet for which Ryder is offering truck leasing and preventive maintenance solutions as part of Ryder's ChoiceLease and SelectCare fleet maintenance portfolio.

TWEET THIS: @RyderSystemInc reserves 500 @ChanjeEnergy electric vehicles intended for its lease & rental fleet. #EVs #RyderAdvancedVehicles

"Ryder continues to see broadening interest in EVs from businesses of various sizes and industries, and especially from those companies in the parcel final mile, or beverage delivery space. Additionally, there's interest from customers who have daily return to base routes of 40 to 100 miles and in markets with incentives available for electric vehicles," said Dennis Cooke, President, Global Fleet Management Solutions for Ryder. "Companies continue to identify the potential long-term cost, environmental, and efficiency benefits of EVs. We're proud to expand our relationship with Chanje and expect additional business announcements based on our sales pipeline. This latest announcement with Chanje is one more way we are demonstrating our commitment to maximizing the performance of our customers' fleets, while providing the flexibility and convenience to implement EVs into their operations."

Ryder is continually monitoring emerging fleet technologies and works closely with the technology providers and equipment manufacturers building innovative features to provide feedback around functionality, usability, and adaptability.

The Chanje all-electric large delivery style van is equipped to haul up to 6,000 pounds and up to 580 cubic feet of cargo, all with zero vehicle exhaust emissions and class-leading100-mile range on a single charge. Ryder has equipped several maintenance facilities across the San Francisco, Los Angeles, San Diego, Sacramento, and San Jose, Calif. markets, as well as the Chicago and New York markets, to meet the service and charging requirements for commercial EVs. Chanje vehicles are the first to be designed from the ground up as an electric truck platform, helping set industry standards for electric and high-quality mass production.

"We are pleased to partner with Ryder to meet its customers' evolving performance, cost, and sustainability goals and collectively shape the future of the industry," said Bryan Hansel, founder & CEO of Chanje.

About Ryder
Ryder is a FORTUNE 500 commercial fleet management, dedicated transportation, and supply chain solutions company. Ryder's stock (NYSE:R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400 index. Ryder has been named among FORTUNE's World's Most Admired Companies, and has been recognized for its industry-leading practices in third-party logistics, environmentally-friendly fleet and supply chain solutions, and world-class safety and security programs. The Company is a proud member of the American Red Cross Disaster Responder Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com, and follow us on our Online Newsroom and social media pages: Facebook, LinkedIn, Twitter, and YouTube.

About Chanje
Chanje is a California-based, privately held electric vehicle and energy solutions company that specializes in the last mile industry. Chanje is led by a diverse group of automotive industry experts and clean energy entrepreneurs. The company's vision is to drive the evolution of sustainable solutions that improve the last mile. Chanje introduced its first vehicle in 2017 and is the first company in North America able to deliver large scale fleets of commercial electric trucks immediately. Chanje will subsequently introduce turnkey energy infrastructure solutions and a full range of EVs including trucks, delivery vans, and shuttle buses in a variety of lengths and capacities. For more information, please visit: www.chanje.com.

About FDG Electric Vehicles Limited
FDG Electric Vehicles Limited ("FDG", stock code: 0729.HK) is a vertically-integrated pure electric vehicle manufacturer. FDG aims to become a globally recognised producer of more economical, greener and more energy-efficient pure electric vehicles. The Group's core businesses include ground-up research, design and development, and manufacturing and sales of pure electric vehicles; manufacturing and sales of lithium-ion batteries and cathode materials for lithium-ion batteries. FDG Kinetic Limited ("FKL", stock code: 0378.HK) is an indirect non-wholly-owned subsidiary.

For further information about FDG Electric Vehicles, please visit FDG's website at http://www.fdgev.com.



 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

Jinxin Group Successfully Introduces High-quality International Investors, Capital Group Private Markets and GL Capital

0
0
Close Cooperation of Industry Leader and Global Investors
Accelerates the Pace of Corporate Development

HONG KONG, Jun 8, 2018 - (ACN Newswire) - Chengdu Jinxin Healthcare Investment Management Group ("Jinxin Group" or the "Group"), a Sichuan-based international healthcare group, is pleased to announce that the ceremony for the completion of investments in JINXIN Medical Investment Group Limited ("JINXIN Healthcare"), the holding company of the maternity and psychiatry services segment under the Group, by Funds managed by Capital Group Private Markets (CGPM) and GL Capital, was held at Sichuan Jinxin Women & Children Hospital on 8 June 2018. Provincial and city leaders, including Mr. Peng Jie, Associate Counsel of the Health and Family Planning Commission of Sichuan Province, Mr. Wang Gian, District Mayor of Jinjiang District People's Government and Mr. Zhang Yi, Associate Counsel of the Health and Family Planning Commission of Chengdu, attended the ceremony and witnessed another successful introduction of leading global investors by the Jinxin Group, which was a firm step towards the completion of the Group's global strategic layout.

This investment was led by CGPM, part of the U.S.-based Capital Group Companies. Founded in 1931, Capital Group Companies is one of the world's largest and most successful investment organizations and manages approximately US$1.7 trillion investment assets globally. GL Capital is a leading Greater China healthcare-focused, value-driven investment management group. Established in 2010 by the former Country President of Novartis China, Mr. Jeffrey Li, it manages various USD and RMB funds and has invested in over 40 companies as of the end of 2017. About 29% of the total shares of JINXIN Healthcare will be transferred to CGPM and GL Capital.

Jinxin Group, the predecessor of which was established in [1951], operates business lines in maternity and psychiatry services, in-vitro fertility (IVF) services and elderly care, with a goal to create synergies among them and meet China's growing healthcare demand. Its subsidiary, JINXIN Healthcare is one of the largest obstetrics and gynecology hospital chains in Sichuan Province which has a population of 87 million. In 2017 it completed about 20,000 maternity deliveries. JINXIN Healthcare's flagship hospital, Sichuan Jinxin Women's and Children's Hospital is Asia's largest single-specialty hospital that has passed the international JCI accreditation and focuses on serving the growing mid- and high-end market segments with its top-notch team of medical experts, advanced clinical technologies and equipment, and state-of-art hospital facility.

Chairman of Jinxin Group said, "As a leading private healthcare enterprise in China, Jinxin Group always strives to enhance our overall competitiveness. The introduction of these two high-quality institutional investors into JINXIN Healthcare demonstrates their recognition of the business segment's market leadership and value, as well as achieves for us institutionalization and diversification of the shareholder base. They will help us further raise the governance standards and gain access to the capital market. We believe they can also bring valuable global industry resources and expertise to our close partnership."

Mr. Nick Chen, Partner of CGPM, commented: "Given our continuous focus and track record in the healthcare sector in Asia, we are very excited about our partnership with JINXIN Healthcare. The fruit of the hard work of several generations over 67 years, JINXIN Healthcare has become a rare privately-owned healthcare company in China that is able to compete with the best local public hospitals and even take a leading position in the medical specialties it operates in. The country's ongoing healthcare reform and urban consumption upgrade trend will drive more market demand growth. We believe JINXIN Healthcare is well positioned to capture this historic opportunity."

Mr. Jeffrey Li, the Founder and CEO of GL Capital, indicated, "The cooperation with such outstanding enterprise like Jinxin Group has always been the investment philosophy of GL Capital. JINXIN Healthcare is a leading healthcare group in Southwest China, and has already built up its excellent brand reputation in the areas of maternity, psychiatry and other medical services. We believe that this transaction is only the beginning of the cooperative development for all parties, and GL Capital will, as always, provide value-added services to our invested companies and help promote the development of the healthcare industry in China."

Looking into the future, the Group will continue to seize opportunities in key markets, deepen the strategic layout of globalization and increase its international competitiveness, thereby accelerating corporate development and strengthening its three pillar businesses for the creation of greater value for its consumers and stakeholders.

About Chengdu Jinxin Healthcare Investment Management Group
Chengdu Jinxin Healthcare Investment Management Group, the predecessor of which was established in 1951, is renowned for its three pillar businesses of maternity and psychiatry services, in-vitro fertility (IVF) services and elderly care. After 67 years of development, the Group has become one of the leading private healthcare groups in China. The Group is also one of the first batch of healthcare institutions in Sichuan Province approved by National Health Ministry to carry out the human assisted reproductive technology. In terms of the number of IVF cycles, the Group is amid top five in China and ranks first among private providers. Since 2016, high-quality strategic investors including Warburg Pincus and Goldstone Haorui Investment under CITIC Securities have been successively introduced into its IVF segment.

About Capital Group Private Markets
Capital Group Private Markets (CGPM) is part of Capital Group, one of the world's most successful investment institutions founded in 1931, and manages approximately US$1.7 trillion in assets. Over the last two decades, CGPM has invested over US$2 billion in emerging markets in Asia through its private equity funds. CGPM partners in particular with leading companies in the healthcare, consumer and business services sectors, including those with disruptive and/or technology-enabled business models.

About GL Capital
Established in 2010, GL Capital is a leading Greater China healthcare-focused, value-driven investment management group. Since inception, GL Capital has developed a reputation as the partner-of-choice for leading healthcare companies and demonstrated capability to add value to its portfolio companies.


 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

Lubrizol: New Lubrizol(R) PV2500 Series for The Next Generation of Mid SAPS Lubricant Performance Combined with LSPI Protection

0
0

New Lubrizol(R) PV2500 Series for The Next Generation of Mid SAPS Lubricant Performance Combined with LSPI Protection

CLEVELAND, Ohio, Jun 9, 2018 - (ACN Newswire) - The Lubrizol Corporation announces its new Lubrizol(R) PV2500 series additive technology designed to address the increasing lubrication demands of modern gasoline and diesel automotive hardware.

The challenges associated with gasoline direct injection and turbocharged gasoline direct injection (TGDI) engines mean that mitigating low speed pre-ignition (LSPI) and chain wear is critical to enable more reliable engine performance. "Lubrizol(R) PV2500 series represents the next generation in mid SAPS lubricant additive technology, developed for ACEA 2016 and European OEM approved performance, while addressing LSPI field concerns to ensure new industry requirements, such as licensable API SN Plus are also met," says Anthony Smith, Lubrizol product manager, Passenger Car Engine Oils.

Lubrizol worked closely with European OEMs to combine LSPI protection for gasoline engines with the latest mid SAPS requirements for diesel powertrains. Smith continues, "Diesel particulate filters (DPFs) have long been a feature in diesel emissions control and now the automotive market is expected to see a rise in demand for mid SAPS lubricant solutions going into gasoline vehicles as OEMs start to introduce gasoline particulate filters (GPFs). This will be particularly important for the European and Chinese markets with new emission regulations such as China 6 on the horizon."

"We are pleased to bring our new Lubrizol(R) PV2500 series solution to the market as the latest addition to our established range of market leading Lubrizol ACTTM additive technologies," says Colin Morton, Lubrizol regional business manager for Europe, Passenger Car Engine Oils. "This family of additives provides proven durability and protection for engines and aftertreatment systems. It now goes even further to provide LSPI protection and gives oil marketers access to the coverage needed to supply aftermarket workshops servicing European vehicles."

Success in today's automotive industry depends on higher performance, and Lubrizol is committed to helping our partners get there. For more information on Lubrizol's solutions for passenger car engine oils, contact your Lubrizol representative and visit lubrizoladditives360.com to learn more.

About The Lubrizol Corporation

The Lubrizol Corporation, a Berkshire Hathaway company, is a market-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It is a leader at combining market insights with chemistry and application capabilities to deliver valuable solutions to customers in the global transportation, industrial and consumer markets. Lubrizol improves lives by acting as an essential partner in our customers' success, delivering efficiency, reliability or wellness to their end users. Technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care, personal care and skin care products and specialty materials encompassing polymer and coatings technologies, along with polymer-based pharmaceutical and medical device solutions.

With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,700 employees worldwide. Revenues for 2017 were $6.3 billion. For more information, visit lubrizol.com.

Media Contact
Rebecca Appledorn
440-347-8731
Website: www.lubrizol.com

###

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Lubrizol via Globenewswire

 
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

DOCOMO Joins Data Science Affiliates Program of Leading U.S. University

0
0

Will collaborate with big-data and AI faculty

TOKYO, Jun 8, 2018 - (JCN Newswire) - NTT DOCOMO, INC. today announced that it has joined the corporate affiliate program of the Stanford Data Science Initiative (SDSI).

Established in 2014, the SDSI affiliate program facilitates collaborative research between the private sector and faculty studying data-science and big-data at Stanford University's School of Engineering. Participating companies collaborate with SDSI on research projects as well as learn about emerging research through hosted campus visits, visiting scholars, conferences and workshops.

Data scientists from DOCOMO will visit SDSI on a short-term basis to research data analysis and receive advice on resolving various issues related to DOCOMO's business. In addition, they will collaborate with the faculty associated with SDSI on subjects of mutual interest through research projects in which students will be invited to participate. DOCOMO is pursuing themes such as predicting customer behavior based on approved data, recommending information suited to customer needs, and reinforcing learning to optimize business operations.

Since May 2018, DOCOMO has been pursuing business initiatives centered on its "d POINT CLUB" membership point system. The initiatives involve digital marketing to better understand customers and provide them with highly tailored services.

Going forward, DOCOMO will continue striving to provide customers with new value and stimulating experiences through state-of-the-art digital-marketing initiatives.

About NTT DOCOMO

NTT DOCOMO provides innovative, convenient and secure mobile services that enable smarter living for each customer. The company serves over 65 million mobile customers in Japan via advanced wireless networks, including a nationwide 3G network and one of the world's first commercial LTE networks. Leveraging its unique capabilities as a mobile operator, DOCOMO is a leading developer of cutting-edge technologies for NFC mobile payments, mobile GPS, mobile TV, intuitive mobile assistance, environmental monitoring, smart grids and much more. Overseas, the company provides technical and operational expertise to eight mobile operators and other partner companies. NTT DOCOMO is listed on the Tokyo (9437) and New York (DCM) stock exchanges. Please visit https://www.nttdocomo.co.jp/english/ for more information.

Contact:
NTT DOCOMO International PR Public Relations Department Tel: +81-3-5156-1366 Fax: +81-3-5501-3408 URL: www.nttdocomo.com Contact: https://nes.nttdocomo.co.jp/PINQ01/showinquiry.do

Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

TOYOTA GAZOO Racing Ready for Le Mans Challenge

0
0

TOKYO, Jun 8, 2018 - (JCN Newswire) - TOYOTA GAZOO Racing takes on the challenge of the Le Mans 24 Hours this month with the clear aim of victory in the second round of the FIA World Endurance Championship (WEC).

Two 1,000PS TS050 HYBRID cars are entered in the 86th edition of the classic French race. Mike Conway, Kamui Kobayashi and Jose Maria Lopez compete in the #7 car while Sebastien Buemi and Kazuki Nakajima return in the #8 alongside Le Mans rookie Fernando Alonso.

After a one-two at Spa-Francorchamps in the first race of the season, the team expects to fight for victory in TOYOTA's 20th attempt at Le Mans and feels well prepared following 25,000 km of pre-season testing designed to enhance the performance and reliability of the TS050 HYBRID cars.

TOYOTA GAZOO Racing has already proved its speed at Le Mans in recent years, having missed out on victory due to a penultimate-lap technical problem in 2016 and setting a record-breaking fastest lap to earn pole position last year. Now the team's task is to meet the endurance challenge of Le Mans and become only the second Japanese manufacturer to win.

TOYOTA takes on the challenge of Le Mans using around 35% less fuel than in 2012, when its first hybrid LMP1 car competed at La Sarthe, thanks to its most efficient hybrid electric powertrain for motorsport. The TS050 HYBRID is allocated 35.1 kg of fuel per stint, which is enough for 11 laps of the 13.626 km Circuit de la Sarthe.

The other LMP1 cars, which do not use hybrid electric technology and are allowed to be 45 kgs lighter than the TS050 HYBRIDs, will complete 10 laps per stint from their fuel load. The exact fuel allocation has yet to be confirmed but it is certain to be significantly more than the TS050 HYBRIDs, giving the non-hybrid cars more power and performance but also necessitating longer and more frequent fuel stops.

At Spa, the first race for the new LMP1 regulations saw TOYOTA win by two laps, helped by significantly quicker pit stops than its competitors. But at the recent Le Mans test day, Rebellion Racing recorded a lap time more than four seconds faster than any non-hybrid LMP1 car has achieved previously in the WEC era, raising the prospect of an exciting and competitive Le Mans race.

The Circuit de la Sarthe has been modified slightly since last year's race with upgraded safety measures contributing to a reduction of the official track length by three metres. That means Kamui's 2017 pole position time of 3mins 14.791secs on the 13.629 km lay-out can never be beaten and joins Martin Brundle's fastest-ever lap of the 13.605 km lay-out, set at the wheel of a TS020 in 1999, in the Le Mans record books.

The 2018-specification TS050 HYBRIDs have already completed 2,752 km of the Circuit de la Sarthe, setting the fastest lap during the official test day on 3 June and the team aims to continue that strong reliability and performance throughout race week.

The Le Mans week represents the true spirit and challenge of endurance racing, featuring a total of almost 35 hours of driving, starting on Wednesday 13 June with a four-hour practice session at 16:00 before two hours of qualifying which starts at 22:00.

Qualifying continues on Thursday with another two 120-minute sessions (19:00 & 22:00). The starting grid is decided by the fastest lap from any of the qualifying sessions, with TOYOTA ready to fight for its fourth pole position at Le Mans. Friday's drivers' parade in the city gives fans a chance to meet the drivers before the weekend, which begins with a 45-minute warm-up at 09:00 with the race starting at 15:00 on Saturday.

Hisatake Murata, Team President
"It is always exciting to go to Le Mans and this year we are particularly looking forward to the race. Following the big disappointments of 2016 and 2017 at Le Mans, we have prepared more thoroughly than ever before and our priority is to reach the chequered flag without trouble. But we know from the past that many things can happen at Le Mans and we will need to show our team spirit to overcome the many difficulties of this event. I am confident that our team is united and ready for this challenge and will never give up on our target; we will do everything we can to stand in the middle of the podium on Sunday afternoon. I hope we can give the fans a race to remember as well."

Mike Conway (TS050 HYBRID #7)
"I am really looking forward to Le Mans. We wait the whole year for this race; from the chequered flag in 2017 we have been working for this week. We have prepared as well as we can do, I believe, so we have to go to Le Mans and execute everything as planned. We are stronger and better prepared than before so I cannot wait. It is always a special atmosphere to drive at Le Mans as you can only drive the track once per year. The fans are always excited and I am sure it will be a week to remember."

Kamui Kobayashi (TS050 HYBRID #7)
"It's always great to be at Le Mans because racing on that track is amazing. The atmosphere doesn't compare to any other race, which is why it has such a long history and is still such a huge event. I set the quickest Le Mans lap last year but that doesn't mean anything; I am proud of it but I want to achieve something in the race. I have never won Le Mans before so I am determined it will happen this time. For sure, we will fight for all 24 hours to achieve our goal in the race."

Jose Maria Lopez (TS050 HYBRID #7)
"All the work for the past 12 months comes down to Le Mans race week. All the tests, effort and sacrifices are for this race where we need to perform at our best. It's going to be a huge race this year with a lot of attention on us. It will be a special feeling and I can't wait to experience the atmosphere again. There are some high-profile drivers and a lot of prototype cars so it's a great grid; I am expecting one of the most exciting races for a while."

Sebastien Buemi (TS050 HYBRID #8)
"Le Mans is very special so I am really happy to be able to race there in this one-off event, with a massive crowd and huge excitement. The race itself is very historic so I try to enjoy every moment of it. After our strong performance at Spa and in the test day, it is looking pretty good for us for the race but we have been in a similar situation before and not achieved our targets. So I am approaching the weekend like a normal race. We know many unexpected things can happen so it's never all under control but we have worked hard to get here now let's see what will happen."

Kazuki Nakajima (TS050 HYBRID #8)
"It's going to be a hard week and a tough race as always at Le Mans. It's clear when you look at the lap times from the test day that there is strong competition and a close fight. We know what we have to do; we have to prepare in the best possible way and do our race without any mistake, failure or problem. It's the same target as every race. We need to keep our heads down and keep fighting to reach our goal. I believe we have a strong chance and I am determined to make it."

Fernando Alonso (TS050 HYBRID #8)
"I feel ready for this. As a team we have worked so hard together to be ready for this and I think we are in a strong position; we are as prepared as we could be. I am enjoying being part of a strong and united team. It is exciting to prepare for my first Le Mans 24 Hours and experience this amazing event at this iconic circuit; it feels special. It will be an emotional week building up to the 24 hours. Obviously it's my first Le Mans so it's going to be an experience, not only the race but the complete week with the preparation, the atmosphere and the fans; that's the magic of Le Mans."

About Toyota

Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

Contact:
Public Affairs Division Global Communications Department Toyota Motor Corporation Tel: +81-3-3817-9926

Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

Lappi and TOYOTA GAZOO Racing on the Podium in Sardinia

0
0

Car 9 (Esapekka Lappi, Janne Ferm)
Rally Italia Sardegna: Day 4

Toyota City, Japan, Jun 11, 2018 - (JCN Newswire) - Esapekka Lappi has finished in a fine third place on Rally Italia Sardegna to score his first podium of the 2018 FIA World Rally Championship season: a result that moves the Toyota Yaris WRC driver up to fourth in the drivers' championship standings.

http://www.acnnewswire.com/topimg/Low_ToyotaGAZOO61118.jpg
Car 9 (Esapekka Lappi, Janne Ferm)

Lappi began the final day of the rally with a margin of just more than a minute over the fourth-placed driver. This allowed him to take a cautious approach to the final four stages, securing the second podium finish of his WRC career by 58.9 seconds and achieving his stated pre-event target of improving upon the fourth place he managed on the same event in 2017. His TOYOTA GAZOO Racing World Rally Team colleagues Jari-Matti Latvala and Ott Tanak also scored points in seventh and ninth overall respectively, having restarted the event under Rally 2 rules. Latvala had been battling with Lappi for third position throughout Saturday until a problem forced him to stop on the road section back to evening service. Tanak was also in the top three when he retired on Friday's last stage with damage after a heavy landing but fought his way back into the top 10 and remains third in the drivers' standings.

Quotes

Tommi Makinen (Team Principal)
"Very well done to Esapekka on his podium finish. He lost a bit of time on the first day but after that he was doing really well, concentrating well and making no mistakes. This podium is the well-deserved result. Of course, we cannot be completely satisfied with our weekend, because it would have been good to see Jari-Matti and Ott fighting for the podium places until the end as well. It is really unfortunate what happened to both of them, but this is rallying, so it can happen, especially on such a tough event. It was much tougher than we thought it would be and a lot of cars retired and had problems. Everybody was fighting flat-out despite the rough road conditions. The cars are strong, but you need a bit of luck too."

Jari-Matti Latvala (Driver car 7)
"It was good to be able to get back out on the stages today after the frustration of yesterday. The feeling in the car was good and the times were pretty good, even though we were saving the tyres. Unfortunately, on the Power Stage I stalled the engine in one corner: I went too quick into a left-hander and the ruts were quite deep. I really wanted a podium here but I will try to have a positive break and be ready to fight in Finland."

Ott Tanak (Driver car 8)
"It was a tough weekend with many lessons learned. We still need to understand what happened and why, and we need to avoid the same things happening in the future. Generally, the feeling is good, we are really fast, now we just need a bit of consistency. I know we can do it. As a team we are still young but we are learning quickly. I have good faith in the team and I'm sure we can put these moments behind us and be stronger in the future."

Esapekka Lappi (Driver car 9)
"Today was just about bringing the car to the finish and to the podium. This is a really important result, both for my confidence but also for the team as well. I think we deserved a podium. We had opportunities to do it earlier in the season but I made some mistakes. Both Portugal and Sardinia have been quite clean rallies for me with a consistent performance, so I hope I can take this forward to Finland."

For the latest results please visit www.wrc.com

What's next?
After the WRC's summer break, round eight of the 2018 season will be Rally Finland on July 26-29. The event is the fastest rally on the calendar, run over smooth gravel roads containing many jumps. It is also a home event for the TOYOTA GAZOO Racing World Rally Team, which is based close to the service park in Jyvaskyla and celebrated victory in 2017 with Esapekka Lappi.

About Toyota

Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

Contact:
Public Affairs Division Global Communications Department Toyota Motor Corporation Tel: +81-3-3817-9926

Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

AbbVie and Eisai Announce the Launch of HUMIRA Pen, an Auto-Injector Formulation for Fully Human Anti-TNF-alpha Monoclonal Antibody HUMIRA

0
0

TOKYO, Jun 11, 2018 - (JCN Newswire) - AbbVie GK, Eisai Co., Ltd. and Eisai's subsidiary for gastrointestinal diseases EA Pharma Co., Ltd.announced that the autoinjection delivery system for HUMIRA (generic name: adalimumab [recombinant], "HUMIRA"), HUMIRA for Subcutaneous Injection 40 mg Pen 0.4 mL and HUMIRA for Subcutaneous Injection 80 mg Pen 0.8 mL, was listed in the National Health Insurance Drug Price Standard on 30th May. AbbVie and Eisai have launched the products today. HUMIRA is a fully human anti-TNF-alpha monoclonal antibody formulation.

The newly launched pen-type auto-injector devices were developed to simplify the operation and reduce the burden on patients when performing self-injection. The rounded pen-type body of this product is designed to fit in the hands of even patients who have a weak grip and conceal the needle tip when injected. In addition to the lock function and autoinjection delivery system which allows for the full amount drug injection in about 10 seconds, it features injection start and end alert sounds and an inspection window. The pen-type auto-injector devices are filled with the same drug solution as the conventional pre-filled syringe devices(1).

HUMIRA is the world's first fully human anti-TNF-alpha monoclonal antibody and works by neutralizing TNF-alpha (tumor necrosis factor alpha), a protein that plays a central role in the inflammatory response of autoimmune diseases such as rheumatoid arthritis. HUMIRA is already used by one million patients in over one hundred countries.

AbbVie, Eisai and EA Pharma continue to promote and provide information on the proper use of HUMIRA while making further contributions to improve the quality of life of patients.

(1) HUMIRA for Subcutaneous Injection 40 mg Syringe 0.4 mL and HUMIRA for Subcutaneous Injection 80 mg Syringe 0.8 mL

About HUMIRA

HUMIRA is a fully human anti-TNF-alpha monoclonal antibody formulation. In Japan, it is approved for the indications of "the treatment of rheumatoid arthritis (including inhibition of the progression of structural damage), the treatment of plaque psoriasis, arthritic psoriasis, pustular psoriasis, ankylosing spondylitis, polyarticular juvenile idiopathic arthritis*, intestinal Behcet's disease, and non-infectious uveitis, posterior uveitis or panuveitis, induction and maintenance therapy for moderate to severely active Crohn's disease (limited to patients who have had an inadequate response to conventional therapy), and treatment of moderate to severe ulcerative colitis (limited to patients who have had an inadequate response to conventional therapy ).

*HUMIRA for Subcutaneous Injection 80 mg Syringe 0.8 mL and HUMIRA for Subcutaneous Injection 80 mg Pen 0.8 mL are yet to be approved for this indication.

About AbbVie

AbbVie is a global, research-driven biopharmaceutical company committed to developing innovative advanced therapies for some of the world's most complex and critical conditions. The company's mission is to use its expertise, dedicated people and unique approach to innovation to markedly improve treatments across four primary therapeutic areas: immunology, oncology, virology and neuroscience. In more than 75 countries, AbbVie employees are working every day to advance health solutions for people around the world. For more information about AbbVie, please visit us at www.abbvie.com.

About EA Pharma

EA Pharma Co., Ltd., a subsidiary of Eisai Co., Ltd. for gastrointestinal disease area, was established in April 2016 by integration of the gastrointestinal business unit with more than 60 years' history of the Eisai Group and the gastrointestinal business unit of the Ajinomoto Group having amino acid as its business core. EA Pharma is a gastrointestinal specialty pharma with a full value chain covering R&D, logistics and sales & marketing. For more information on EA Pharma Co., Ltd., please see www.eapharma.co.jp/en.

About Eisai

Eisai Co., Ltd. (TSE:4523; ADR:ESALY) is a research-based human health care (hhc) company that discovers, develops and markets products throughout the world. Eisai focuses its efforts in three therapeutic areas: integrative neuroscience, including neurology and psychiatric medicines; integrative oncology, which encompasses oncotherapy and supportive-care treatments; and vascular/immunological reaction. Through a global network of research facilities, manufacturing sites and marketing subsidiaries, Eisai actively participates in all aspects of the worldwide healthcare system. For more information about Eisai Co., Ltd., please visit www.eisai.com.

Contact:
Public Relations Department, Eisai Co., Ltd. +81-3-3817-5120

Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

Showa Aluminum Can completes Second Production Base in Vietnam

0
0

Hanacans' second factory in Da Nang City, Quang Nam Province, Vietnam.
Ceremony for the factory completion. Hideo Ichikawa, SDK Chairman, cntr.
Hanacans to establish production system with annual capacity of 2 billion cans

TOKYO, Jun 11, 2018 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) subsidiary Showa Aluminum Can Corporation (SAC), headquartered in Shinagawa, Tokyo, has completed construction of a new factory in Da Nang City, Quang Nam Province, mid-Vietnam, for its subsidiary Hanacans, holding a completion ceremony for the new facility on June 8. (See "Showa Aluminum Can to Establish Second Production Base in Vietnam", Feb 14, 2017)

The new Hanacans factory is its second production base in Vietnam, with an annual production capacity of 700 million aluminum can bodies. To increase the overall capacity of its lines, Hanacans is working towards the production of can ends at its factory in Bach Nin Province, suburban Hanoi. When work is finished in October, total capacity of the two factories, for can bodies and can ends, will reach 2 billion cans a year.

Since its acquisition of Hanacans JSC in May 2014, SAC has introduced its leading-edge production technologies and quality control system, successfully increasing sales throughout the northern part of the country. SAC hopes to achieve further increases in sales in mid-Vietnam through its efforts to make Hanacans' new production line the finest in the region, offering superior products and answering the needs of the market.

About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY), a major manufacturer of chemical products, serves a wide range of fields from heavy industry to electronics and computer industries. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, and the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory and graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.

Contact:
Public Relations Office Phone: 81-3-5470-3235

Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com
Viewing all 16968 articles
Browse latest View live




Latest Images